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paying for your trading education

Stop what you are doing and give it to me for free. I don’t want to work for it and I don’t want to pay for it. I want yours.

 

 So if you don’t mind please give it to me.  I want to make money tomorrow, no forget that; I want to earn money trading today.

 
I want your experience.
 
I know you paid your dues and worked hard to get to this point but I want yours and I don’t want to pay for it.
 
I have no experience, no trading licenses and no capital and I think you owe me a favor even though we have never met before.
 
Yeah, yeah yeah I know the market can be difficult if you don’t have a plan and the financial resources to live on while you learn but I bought a few trading books and have it figured out. You should see my results on a simulator. Give me a chance, let me risk your money.
___________________________________________________________
 
Everyone has to go through a learning curve for a career as a trader. That learning curve has a cost.
 
The two most common methods to pay for the learning curve are learn on your own or pay someone else for their plan and or experience.
 
1) Supply your own risk deposit, learn on your own and trade your way into a profitable business.
 
Generally speaking this will take anywhere from 12-24 months with a real money account and some very meticulous notes by the trader paying careful attention to what works and what doesn’t.
 
Next the trader must revise the plan, dropping stuff and keeping the stuff that works consistently.
 
If the trader is smart, they will only trade 100-300 shares per trade while they are learning. Most do not do that, most trade as much as their buying power allows them to execute. This increases the cost of the learning curve significantly. Typically the cost for this method is $20,000-$50,000.
 
2) Pay for a coach or mentor. Pay an experienced trader to show you what they do for a living. How they run their business, how they earn money.
 
This trader has paid their dues, it took a long time and a lot of hard work to get to this point.
 
Why would this trader give your their experience for nothing? They are going to guard the it everything they have, they paid for it with long hours and sleepless nights. It is valuable to them, very valuable.
 
So is their time. They have a business to run. Why should they stop running their business to help you?
 
Well what if you paid them for their time and experience? That might sweeten the pot. Might make sense for them to spend some time with you.
 
Coaching/mentoring is obviously popular in sports and big busines. Why would trading be any different?
 
Coaches get paid for their time and expertise. This is a definite method to shorten the learning curve and get you on the road to profitability.
________________________________________________________
 
So it boils down to this:
 
Learn on your own and it will take about 18 months (asuming you are a meticulous student) and will cost around $30,000-$50,000.
 
Pay a mentor to show you how they do it. This will be significantly cheaper in both time and money.
 
Either way you will pay, just a matter of WHO you will pay for the experience, the market or your your mentor.
 
To learn more about our mentor programs which our trainess always use a real money account CLICK HERE.
 
Pete
 
Ps. Remember that if you choose to learn from a class or seminar make sure there is real time follow up. You can’t learn to trade in a week. You need screen time to experience different market conditions as they unfold.

 

 

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  1. October 6, 2009 at 1:25 am

    Pete,

    You made some great points here! Everything we do in our lives has a price in one way or another. The real question for each individual is:

    Are you willing to invest in you and your own success?

    Keystone offers, those who desire an opportunity to personal and financial empowerment ,a path by which to achieve just that. The various mentoring programs offerred by Keystone are well worth every penny!

    Debbie

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